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Singtel Bullish??? Post Reply Rate topic
laksaman57 Supreme	29-Dec-2019 14:28        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/alita-resources-creditors-approve-rescue-plan-from-potential-new-owners%3famp
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Crossback Member	29-Dec-2019 12:05        Crossback About Contact  Quote this Post!
x 0   x 0  Alert Admin	So does it mean nothing left for shareholders? All gone to the drain?
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laksaman57 Supreme	15-Dec-2019 00:18        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.theedgesingapore.com/news/company-news/alita%E2%80%99s-failure-was-inevitable-administrator-says   " With JBJ refusing to accept further shipments, Alita bearing fixed cash costs and a weakening spot market for lithium ore weighing down the price and Alita&rsquo s sales volume, the company&rsquo s &lsquo failure was inevitable&rsquo , according to KordaMentha "
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Atom99 Master	29-Nov-2019 13:10        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	ASX/SGX Announcement 29 November 2019 Alita Resources Limited (Administrators Appointed) (Receivers and Managers Appointed), formerly Alliance Mineral Assets Limited ACN 147 393 735 and its subsidiaries outlined in Schedule 1 (&lsquo the Group&rsquo ) ASX Code: A40 SGX Code: 40F Refinancing of Senior Secured Debt Facility and Retirement of Receivers Further to the announcement of 8 October 2019, the Administrators (Richard Tucker and John Bumbak) have undertaken a process to identify a suitable party to purchase or recapitalise the Group. We advise that Alita and certain of its subsidiaries have entered into a binding AUD$70 million loan facility agreement (&lsquo Loan Facility Agreement&rsquo ) with China Hydrogen Energy Limited (&lsquo CHE&rsquo ) and related security arrangements. The funds available under the Loan Facility Agreement will be applied by Alita to repay in full all amounts outstanding under the senior secured debt facility with its secured creditor, Galaxy Resources Limited (&lsquo Galaxy Facility&rsquo ). The balance of the Loan Facility Agreement is available for draw down for working capital purposes, subject to the consent of CHE. The Loan Facility Agreement contemplates that CHE or its nominee will submit a deed of company arrangement proposal (&lsquo CHE DoCA&rsquo ) for consideration by the Administrators and creditors of the Group. The Loan Facility Agreement provides short term bridging finance for the Group ahead of the proposed DoCA. Amounts outstanding under the Loan Facility Agreement will be repayable on the earlier of: &bull two business days after the Administrators or Alita are funded to repay the amounts outstanding under the Loan Facility Agreement in accordance with the terms of the CHE DoCA &bull 13 February 2020 (or such other date agreed in writing by the parties), or &bull if the CHE DoCA proposal is not approved at the second meeting of creditors, seven business days after the date of the meeting. In the event that the CHE DoCA proposal is not passed at the second meeting of creditors, provided that the CHE DoCA proposal was submitted on or before 5 January 2020, an early payment fee 15% will be payable to CHE. KordaMentha Pty Ltd ACN 100 169 391 Liability limited by a scheme approved under Professional kordamentha.com Standards Legislation For personal use only   The Administrators consider that the benefits of entering into the Loan Facility Agreement for the Group and its creditors include: &bull an improved rate of 5% as compared to the variable interest rate under the Galaxy Facility of approximately 14% to 16% &bull a reduction in costs as a result of the retirement of the Receivers and Managers, and &bull the facilitation of a DoCA proposal which, based on discussions with CHE and an indicative non- binding term sheet, the Administrators believe will deliver a superior outcome for creditors of the Group compared to other proposals received by the Administrators or an insolvent winding up of the Group. The Administrators will prepare their report to creditors in the coming days, which will contain the Administrators&rsquo detailed report on the DoCA process and the basis of the Administrators&rsquo recommendations in respect of the Group&rsquo s future. That report will be released to the market in due course once the Administration process has progressed. Following the repayment of the Galaxy Facility and the discharge of the related security, the Receivers and Managers (Martin Jones, Matthew Woods and Andrew Smith of KPMG) will retire as receivers and managers of the relevant Group companies. With effect from the Receivers and Managers&rsquo retirement, the Voluntary Administrators will remain in control of the Group and its operations. The contact details of the Voluntary Administrators are: KordaMentha Level 10, 40 St Georges Terrace Perth WA 6000 Tel: +61 8 9220 9333 Fax: +61 8 9220 9399 For all media enquiries, please call Mike Smith 0411 055 306 About KordaMentha Restructuring KordaMentha Restructuring is the distressed business division of KordaMentha, an advisory and investment firm that helps clients to grow, protect and recover value. KordaMentha Restructuring works with companies in financial distress &ndash to restructure and to stabilise the business or to recover value on behalf of stakeholders. They have over 170 professional staff with diverse backgrounds and deep experience from accounting and agriculture to mining and real estate. Page 2   For personal use only   Schedule 1 Company Lithco No.2 Pty Ltd (Administrators Appointed) (Receivers and Managers Appointed) Tawana Resources Pty Ltd (Administrators Appointed) (Receivers and Managers Appointed) formerly Tawana Resources NL ACN 612 726 922 085 166 721 Page 3     For personal use only
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Atom99 Master	29-Nov-2019 12:37        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	https://www.asx.com.au/asxpdf/20191129/pdf/44c445yhrd03k4.pdf
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laksaman57 Supreme	22-Nov-2019 19:07        laksaman57 About Contact  Quote this Post!
x 0   x 1  Alert Admin	https://www.theedgesingapore.com/news/disruption-and-digitalisation/battery-giants-hit-slump-chinas-electric-vehicle-market "Contemporary Amperex Technology Co (CATL) and BYD Co saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector. Sales by market leader CATL fell 10%, while BYD?s slumped 71%, causing it to lose its No. 3 ranking to South Korea?s LG Chem Co., SNE Research said."
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Tiger04 Senior	09-Nov-2019 22:56        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so ehats happening to Alliance minerals now? all my money turned to dust ??
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laksaman57 Supreme	17-Oct-2019 14:28        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.pv-magazine.com/2019/10/14/plummeting-lithium-price-will-further-dent-ganfeng-profits/   " Beijing&rsquo s sudden retreat on electric vehicle subsidies in the summer has caused the value of lithium to hit the floor, with disastrous effects on the balance sheets of Chinese companies which had invested big in supply chains to support anticipated huge demand..."
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laksaman57 Supreme	17-Oct-2019 14:22        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.bloomberg.com/news/articles/2019-10-12/historic-slump-in-china-car-market-continues-as-sales-drop-6-6   " Sales of new energy vehicles &mdash all-electric, fuel-celled autos and plugin hybrids &mdash dropped for a third-straight month, tumbling 33% after the government scaled back incentives for purchases of such cars..."
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laksaman57 Supreme	11-Oct-2019 10:41        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.straitstimes.com/business/companies-markets/dyson-shows-its-too-easy-to-make-electric-cars "....hard to make them commercially viable"
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laksaman57 Supreme	11-Oct-2019 10:01        laksaman57 About Contact  Quote this Post!
x 0   x 1  Alert Admin	https://www.caixinglobal.com/2019-09-27/some-chinese-electric-cars-are-simply-worthless-industry-body-101467130.html "It?s ?inevitable? that China?s electric cars have little resale value and some are inherently worth little, according to one of China?s top auto industry bodies."
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laksaman57 Supreme	11-Oct-2019 09:56        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.google.com/amp/s/qz.com/1706084/chinas-ev-sales-declined-16-percent-in-august/amp/ "China?s electric vehicle sales are now declining by double digits"
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laksaman57 Supreme	10-Sep-2019 14:10        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstimes.com.sg/transport/electric-car-sales-fall-for-the-first-time-after-china-cuts-subsidy " GLOBAL electric car sales fell for the first time in modern history in July after China scaled back purchase subsidies, highlighting the role government assistance is having on the burgeoning market."
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risktaker Supreme	08-Sep-2019 14:08        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	I changed my tone... leh huathuat88888      ( Date: 15-Nov-2018 19:52) Posted: I thought u said this counter very good ? Now change of tune. LOL risktaker      ( Date: 15-Nov-2018 19:51) Posted: Dodgy.... because alliance sold 50% of bald hill to tawana in 2017.... then tawana go demerge its assets with bald hill... Which 2018 tawana become 50% of bald hill.... and they propose to merge with alliance LOL Stupid and waste all the fee.... the ex owner of alliance make until siao...
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risktaker Supreme	08-Sep-2019 14:06        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	I warn u guys before... LOL dont say i didnt... i change my view on this counter risktaker      ( Date: 08-Oct-2018 11:04) Posted: Actually.... my view only ah... AM is pump up by ex-Ceo for the deal with Mr lim... for the 50c thingy.. if we link all the articles... we can see why AM rasie fast n furious... now his debt are cleared... and he has sold all his stakes.. And now he may hit AM with lawsuit.... whatever the ex Ceo done .... he has pocket ten of millions and say goodbye already...and possible lawsuilt could resulted more money to the couple.... EV is the future thats true..... but whole mkt sentiment is not working well for a bullrun.... Just wait .... i believe price may fall further if mkt sentitment worsen... lailai      ( Date: 08-Oct-2018 09:43) Posted: Like Tawana, AM was pumped up for shorties to profit down. Quite usual in this shorties controlled mkt, even got good news of Tawana debt issue and future Lithium demand for EV. Hard to invest in this market if price keeps going down. Seems like the ones making the bucks are the shorties, not only in AM, but in many other counters. New MAS rule SPRS too lax to have any effect on shorties, got like don' t have.
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laksaman57 Supreme	07-Sep-2019 21:45        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.reuters.com/article/us-australia-lithium-batteries/australian-lithium-miners-submerged-by-low-prices-idUSKCN1VN0GP   ' ' The sentiment is very bad. If there is no change in market sentiment in regard to the trade war, it&rsquo s hard to see a big recovery in China&rsquo s car market,' said analyst Helen Lau of Argonaut Securities.'
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laksaman57 Supreme	07-Sep-2019 13:39        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://oilprice.com/Energy/Energy-General/The-Lithium-Glut-Is-Far-From-Over.html "?The oversupply of mined lithium products, caused largely by the commissioning of lithium mineral operations in Australia outpacing mineral/chemical conversion capacity in China has been a major influence on falling lithium prices since Q1-2018,? metals and minerals research company Roskill said in July. Australian lithium miners expect difficult times at least through the end of 2019 due to the slowing Chinese car market and the cut in EV subsidies."
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Alvin2042 Master	07-Sep-2019 08:10        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U are fast with news. Post the news almost a week after it is released. laksaman57      ( Date: 06-Sep-2019 23:41) Posted: https://www.businesstimes.com.sg/companies-markets/alita-resources-suspends-trading-after-going-into-voluntary-administration " In a bourse filing on Tuesday, the company said it is &ldquo unable to reasonably assess its financial position as it is currently placed under administration&rdquo . Accordingly, trading in its shares will remain suspended under Catalist rules while the administration continues, said the company."
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laksaman57 Supreme	06-Sep-2019 23:41        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstimes.com.sg/companies-markets/alita-resources-suspends-trading-after-going-into-voluntary-administration " In a bourse filing on Tuesday, the company said it is &ldquo unable to reasonably assess its financial position as it is currently placed under administration&rdquo . Accordingly, trading in its shares will remain suspended under Catalist rules while the administration continues, said the company."
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laksaman57 Supreme	06-Sep-2019 23:32        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.afr.com/companies/mining/cowan-cash-call-set-to-shake-up-alita-receivership-20190830-p52mha
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